Research Foundation of the American Society of Colon & Rectal Surgeons

Analysis

Research Foundation of the American Society of Colon & Rectal Surgeons is a registered charity in United States, based in Bannockburn, IL. It received its IRS tax-exemption ruling in October 1962, 64 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Research Foundation of the American Society of Colon & Rectal Surgeons reported income of $360k and spending of $466k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $360k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Research Foundation of the American Society of Colon & Rectal Surgeons sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include LA Crosse County Historical Society ($360k), Main Idea Inc ($360k) and Halifax Area Ambulance and Rescue Association Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. Other salaries and wages came to $106k. At year end it held assets of $8.2m against liabilities of $133k, net assets of $8.0m.